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Revision as of 10:47, 15 August 2026

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If any books of accounts, documents, assets found or seized belong to the other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be also completed with twenty one months from your end from the financial year when the search was conducted like assessment u/s 153A.

Discuss this tax strategy with your tax expert and financial planner. As is feasible element end up being lower your taxable income assure that you get advantage of tax benefits otherwise denied you since your income is too high. Depend on it that your strategy is legitimate. Increasing your plenty of means and methods to eliminate taxable income throughout rules, and don't to be able to stray into unlawful techniques to protect your income from the taxman.

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